Cambodia moves forward with new gaming law

A gaming law that would regulate Cambodia’s casino sector is to be presented in draft form to the country’s cabinet before the end of this month. The goal is to attract a greater amount of international investment in Cambodia’s gaming industry.

terça-feira, 12 de setembro de 2017

The Khmer Times newspaper cited the source of the
information as Ros Phearun, a senior official of that country’s Ministry of
Economy and Finance. The official indicated one aim was to attract a greater
amount of international investment in Cambodia’s gaming industry.

According to the Khmer Times, the proposed law authorises
the government to set up a body to review casinos’ internal financial controls
and promote the prevention of money laundering and prevention of other criminal
activities.

Reports of imminent casino regulation have been circulating
for several years. In June 2014, the Phnom Penh Post newspaper had reported
that a draft of what it termed a "national casino law” was to have been
finalised that year.

Currently, licences and the terms of such licences are
issued by the authorities on a case by case basis.

"There would not be delays at the cabinet-level for the
approval of the draft law because we have incorporated lots of inputs from all
concerned ministries and parties,” said Phearun as quoted by the Khmer Times.

"The draft law which was finalised by joint technical teams
from the Ministry of Economy and Finance and the Ministry of Interior will now
be submitted to the government’s cabinet within this month,” Phearun added.